Not all of us can afford to live like billionaires—mostly because a lot of us aren’t, in fact, billionaires. Fortunately, there are a lot of accessories out there that help us to, at least, vicariously live out the rich lifestyle—if only in how we look. Of these, perhaps the most elegant, and practical, are diamond watches. Coming from some of the best jewelers and watchmakers in the world, they combine style and sophistication in a useful package.

There are a spate of choices available to anyone interested in these watches. You can go for more sporty and metallic diamond watches from Rolex. If you’re looking for a more elegant look, you can even splurge on Cartier, the jeweler to kings. The best part is that this isn’t just limited to the ladies. Increasingly, men are being more and more catered to by these high-end brands.

How to Wear Diamond and Gold Watches

Of course, selecting and buying one of these costly watches is just the first step in your billionaire transformation. They won’t sell on looks alone. In fact, wearing these with jeans and a tee—for both guys and gals—only makes it look fake! That’s painful considering how much money you put out to purchase it. So clothes are, in a sense, a part of delivering the look.

With diamond watches, it’s always best to go for a full-on formal look. This is easier for the ladies who have a bevy of options from evening gowns, cocktail dresses, to full party regalia. This is slightly tougher for guys who have to make do with at least a formal coat and tie deal, if not a tuxedo. You’d be surprised how much of a difference in perception your watch makes when worn with a suit.

As you can tell by now, these expensive watches don’t necessarily stand out on their own. They require a certain serious fashion sense to accompany or even accentuate them. So think carefully if it suits your character entirely or risk spending too much on a vanity piece that you can’t really use or enjoy. That said, a full commitment to it brings a host of other options.

For the ladies, this means having a functional timepiece to go with diamond earrings and necklaces. In a sense, these diamond watches take the place of a bracelet or bangle. For the guys, it can be a great compliment to your look—standing out just subtly enough to make a statement while allowing you retain some mystery. It’s clear that a diamond watch is not for everyone. But they can be a great part of a look if you’re willing to envelop yourself in the trappings that such elegance demands.